May 28 (SeeNews) - Car battery maker Monbat [BUL:5MB] gained most among companies listed on the Bulgarian Stock Exchange on Tuesday, after it published an upbeat financial report for the first four months of 2019 late on Monday.
Monbat shares gained 3.97% to a closing price of 6.55 levs.
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The company's profit before taxes soared by 350.8% on the year to 8.1 million levs in January-April, while consolidated net sales revenue rose by 29.5% year-on-year to 111 million levs.
Monbat is a member of the wider BGBX40 index and the equally-weighted BGTR30 index. However, despite the battery maker's gains, both indices closed lower on Tuesday.
The wider BGBX40 index, which tracks the 40 most traded shares on the stock exchange in Sofia, decreased 0.08% to 114.11 points, while the BGTR30 index, in which companies with a free float of at least 10% have equal weight, fell 0.70% to 496.02 points.
The BGBX40 was heavily hit by a 16.96% slump in the share price of chemicals trader Himsnab Bulgaria [BUL:58E] and a 8.87% drop in Severcoop Gamza Holding [BUL:6S4] shares. Severcoop Gamza Holding was also the top decliner among BGTR30 members.
The blue-chip SOFIX index edged down 0.10% to 571.80 points on Tuesday, as Central Cooperative Bank [BUL:4CF] fell most among its components, by 3.26%. Software developer Sirma Group Holding [BUL:SKK] and diversified group Stara Planina Hold [BUL:5SR] followed with drops of 2.80% and 1.64%, respectively.
The BGREIT index, tracks real estate investment trusts, closed the session unchanged at 121.34 points.
Total regulated market turnover rose to 297,000 levs ($170,000/152,000 euro) on Tuesday from some 170,000 levs on Monday.
(1 euro = 1.95583 levs)
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